Barry Callebaut Announces Increased Cooperation With Cadbury Schweppes

Barry Callebaut and Cadbury Schweppes also intend to increase their cooperation in areas such as cocoa bean sourcing in origin countries, quality and innovation, and corporate social responsibility.

20/06/07 Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, announces the signing of a Memorandum of Understanding (MoU) with Cadbury Schweppes plc to double its supply volumes of cocoa liquor and liquid chocolate to around 30,000 metric tonnes a year. Barry Callebaut will supply approximately an additional 14,000 tonnes a year of liquid chocolate and cocoa liquor to Cadbury Schweppes' production facilities in Poland.

Barry Callebaut anticipates deliveries of the additional volumes to start towards the end of its fiscal year 2007/08.

Patrick De Maeseneire, CEO of Barry Callebaut says: "The MoU with Cadbury Schweppes is another milestone in our strategy to take advantage of the ongoing outsourcing trend. This is again an excellent example of how Barry Callebaut has established itself as the outsourcing partner of choice in the chocolate industry."

Barry Callebaut and Cadbury Schweppes also intend to increase their cooperation in areas such as cocoa bean sourcing in origin countries, quality and innovation, and corporate social responsibility.

The two parties have decided not to disclose any financials of the transaction.